Frost Radar™: Healthcare Data Analytics, 2024

Frost Radar™: Healthcare Data Analytics, 2024

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines

The healthcare industry is undergoing a data revolution, and analytics is at the heart of it. This Frost Radar™ will reveal the strategies, technologies, and innovations that are shaping the industry and driving success. By understanding the current landscape, digital health readers can stay ahead of the curve, identify emerging trends, and make informed decisions to enhance organizational performance and patient care.

Healthcare data analytics involves the collection, analysis, and interpretation of large volumes of data generated by healthcare organizations. This includes patient records, medical images, financial data, and data from internet of things (IoT) devices and wearables, among others.

The market is still maturing, with a variety of companies offering diverse solutions to an expanding customer base. The primary revenue stream comes from software and services, including the sale of data analytics platforms, as well as professional services such as data integration, consulting, and post-sales support. Many small and medium-sized companies offer niche solutions.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.